By Chan Chao Peh From The Edge Markets

SINGAPORE (April 29): The investigation into corrupt transactions related to 1Malaysia Development Bhd (1MDB) has widened, with more individuals named in court papers.

Kelvin Ang Wee Keng, 34, was on April 20 charged for corruptly giving a gratification sum of S$3,000 to an analyst named Lee Chee Waiy to expedite the preparation of a valuation report sometime between 2013 and 2014.

When contacted this morning, the analyst, who goes by the name Jacky Lee Chee Waiy, confirmed that he has been asked to help with the investigations. “I have nothing else to comment,” he said.

According to his LinkedIn profile, Lee held the position of associate director at NRA Capital between August 2008 and October 2015. He is now head of research at Phillip Securities.

During hearings of a parliamentary committee in Malaysia, the minutes of which were released last month, NRA Capital was said to have been engaged to value 1MDB’s investments held in the Cayman Islands that were managed by Bridge Capital Partners.

1MDB had placed an investment totalling US$2.318 billion (S$3.15 billion) with the fund manager in 2012. It is said to have subsequently redeemed US$1.3 billion to repay debts. A remaining US$1.1 billion was held with BSI Bank in Singapore under an entity of 1MDB’s called Brazen Sky Ltd, in the form of units in a fund.

Kevin Scully, executive chairman of NRA Capital, did not respond to a request for comment this morning.

Meanwhile, Yeo Jiawei, a former employee of BSI, now faces two additional charges on top of an earlier charge reported last week. The first of the two additional charges states that he cheated BSI in 2012, by concealing that he would receive through an entity called Bridgerock Investment Inc US$1.6 million a year, a sum that is part of annual management fees paid by Brazen Sky Ltd to Bridge Partners Investment Management (Cayman) Ltd, the fund manager of the Bridge Global Absolute Return Fund SPC. All the units of the Bridge Global Absolute Return Fund SPC are owned by Brazen Sky, according to the charge sheet.

The second additional charge that Yeo now faces is that he intentionally perverted the course of justice on March 27, 2016 by asking an individual named Samuel Goh Sze-Wei to falsely inform the police that the monies Goh transferred to Bridgerock Investment Inc, an entity beneficially owned by Yeo, were Goh’s own investments.

A 2014 filing with the Australian Stock Exchange, shows that a person name Samuel Goh Sze-Wei was a director of Cayman Islands-registered Bridge Capital Absolute Return Fund SPC.

For more on this story go to: http://www.theedgemarkets.com/my/article/1mdb-probe-widens-former-nra-analyst-jacky-lee-questioned

See related iNews Cayman stories with links to others published April 28 2016 “Former Singapore banker faces additional charges in 1MDB-linked probe” at:  http://www.ieyenews.com/wordpress/former-singapore-banker-faces-additional-charges-in-1mdb-linked-probe/

MAGE: 1MDB. Reuters file photo